516537 Proffitt Rd. & Johnson Ln. # 1-7
Gatlinburg, TN, 37738 $ 4,100,000
Bedrooms21 Baths14.0 Sq 10,850 Monthly Estimate*
$ 25,888
for $4,100,000 with 21 bedrooms and 14 full baths. This 10,850 square foot home was built in 2007 on a lot size of 0.01.
Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln. Townhomes 1 & 2, and 541 Johnson Ln. Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
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FeaturesGeneralLiving Area 10850
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Appliances Dishwasher Dryer Microwave Range Refrigerator Oven Washer
Patio/Porch Features Deck
Architectural Style Contemporary
Security Features Security System Smoke Detector(s)
Construction Materials Frame Other
Year Built 2007
Topography Cul-De-Sac Zero Lot Line
Levels Three Or More
Unit Number 1-7
Property Subtype Single Family Residence
County Sevier County TN
New Construction N
Property Type Residential
Attached Garage N
Energy Efficient Windows
Subdivision Name Cambridge Estates
Full Baths 14
Status Active
Buyer Financing Other Conventional
Directions From downtown Gatlinburg take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.
City Gatlinburg
Senior Community Y/N N
Lot Size Units Acres
Property Attached Y/N N
Year Built Details Existing
Tax Annual Amount 924
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot B-1
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InteriorInterior Amenities Ceiling Fan(s) Kitchen Island
Basement Finished
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features Washer Hookup Electric Dryer Hookup
Total Bedrooms 21
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 14
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ExteriorLot Features Cul-De-Sac Zero Lot Line
Water Source Public
Total Parking 0
Lot Size Area 0.01
Building Area Total 10850
Lot Dimensions 48.25 X 50.75 IRR
Lot Size Acres 0.01
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded FeaturesList ByKeller Williams RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $25,888
- Monthly Property Taxes
- $77
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Gatlinburg, TN
Average List Price $902,566
Percent of Sale Price 78%
About Gatlinburg, TN 4,111 Population
22% Since 2002
$ 38,723 Median Income
45.09 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
245588 Elementary School
245705 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/30/2026 | $4,100,000 | | Listed Price |